The Executive Arm of the Global Government.

[Marilyn C]

Hi other one, nice to hear from you & your comments as I know you keep in touch.

 

Blessings Fresco,  Good link there. Thanks.

 

Hi, toknowthetruth, Pleased to meet you & hear your comments. And yes I do think it will dramatically change the US & the rest of the world. We are on track to the `days wage for a loaf of bread,` which is not yet but those in power want it all in their hands & step by step we`ll see the noose tighten.

 

Marilyn.

 

 

 

[other one]

when this happens, then places like China and Japan will not be able to devalue their dollars and  have an advantage in trade.  So it's not all bad.   It will hurt us for a period of time, but it will help our trade imbalance tremendously......   and  start moving jobs back to the US.

Not so sure about that. From what I understand having the Dollar as the global currency that almost all international trade is done with is one of the major factors keeping the US a float. It's one of it's most powerful economic weapons. And if another currency should take it's place as the medium of international exchange I'm expecting it to tremendously weaken the US both economically and politically. Just the way I see it from what I understand of the situation.

it will force us to stop living above our means....   and that is the fist thing any financial person will tell you when financial counciling.

[Last Daze]

when this happens, then places like China and Japan will not be able to devalue their dollars and  have an advantage in trade.  So it's not all bad.   It will hurt us for a period of time, but it will help our trade imbalance tremendously......   and  start moving jobs back to the US.

Not so sure about that. From what I understand having the Dollar as the global currency that almost all international trade is done with is one of the major factors keeping the US a float. It's one of it's most powerful economic weapons. And if another currency should take it's place as the medium of international exchange I'm expecting it to tremendously weaken the US both economically and politically. Just the way I see it from what I understand of the situation.

it will force us to stop living above our means....   and that is the fist thing any financial person will tell you when financial counciling.

But, but, the commercials tell me that I deserve the stuff I can't afford.  Are you saying that they're just interested in making me their financial slave?  Those tricksy Hobbittses!

[Marilyn C]

So true other one & Last Daze. A big reality check is coming for us all. A time to really check our heart`s motives & time to reach out to those in need for they will be every where. Good opportunities to show God`s love & grace.

Marilyn.

[toknowthetruth]

when this happens, then places like China and Japan will not be able to devalue their dollars and  have an advantage in trade.  So it's not all bad.   It will hurt us for a period of time, but it will help our trade imbalance tremendously......   and  start moving jobs back to the US.

Not so sure about that. From what I understand having the Dollar as the global currency that almost all international trade is done with is one of the major factors keeping the US a float. It's one of it's most powerful economic weapons. And if another currency should take it's place as the medium of international exchange I'm expecting it to tremendously weaken the US both economically and politically. Just the way I see it from what I understand of the situation.

it will force us to stop living above our means....   and that is the fist thing any financial person will tell you when financial counciling.

Well, that would be great if that's all it ends up doing. I have a feeling though it's going to affect things a lot more profoundly than that. But that's just how I see it. However, I think it behooves us as Christians to take heed to Jesus' warning to "watch and pray" lest we end up with our house broken into because we didn't take heed to the signs of the approaching thief. Matt 24:43

[other one]

Can't really disagree with the be ready, but when you are 19 trillion dollars in debt there isn't an easy out for us....  global currency or not.  But, the people controlling our money is doing what is best for the globe and not for we the people and it's the global currency that they do the things they do.

[Last Daze]

Just curious, does anyone have an opinion on Max Kaiser on rt.com other than that he's a bit unhinged at times?

[Guest Thallasa]

After the financial crisis of 2008 we saw the Group of 20 formed. This group was set up to help solve the financial difficulties of the world system. At that time they decided to up grade the FSF (Financial Stability Forum) to a legal board – FSB, the Financial Stability Board. This enabled this institution to make great changes across the system by introducing certain rules & regulations that financial institutions would have to follow.

 

Also at that time the G 20 wanted to upgrade the IMF (International Monetary Fund), but it wasn`t the right time. Certain other factors needed to come into play – the US`s dollar needed to lose its strong hold on the global system & China needed to be more locked into the system.   

 

Over the past few years we have seen the US`s debt rise to $18 trillion, with $10 million every minute. Obviously this is not repayable. The US`s dollar is becoming increasingly a `hot potato,` & everyone wants to get rid of them. The BRIC`s (Brazil, Russia, India & China) has formed their own financial group, & Russia is even passing a law formally dumping the US dollar. Then we read of China`s recent financial fall, its economic downturn.

 

Thus I believe the time is ripe for the IMF to be upgraded & take over the responsibility of being the Global System`s reserve currency. Now how will they be empowered to do this.

Well, at the moment they have a basket of currencies – UK, USA, Europe & Japan, (pound, dollar, euro, yen) but soon I believe China will also be involved with its Yuan, & then we`ll see the major economies of the world come together.

 

Apparently this will be announced on October 20^th this year by the IMF, as a reserve currency alternative to the US dollar. Experts say that this will send hundreds of billions of dollars moving around the world, literally overnight. This announcement is expected to trigger one of the most profound transfers of wealth in our lifetime.

 

This decision comes on the heels of China pushing for their own currency to be elevated to reserve currency status. So this, I believe will transform the financial landscape dramatically. Once the IMF currency becomes alternative to the dollar, rules of the game begin to change. The announcement will start a domino effect that brings down the US dollar`s dominance & will devalue the dollar. No one will want US dollars & they will no longer be accepted for trade.

 

If this happens, which I believe it will, then, are we ready for this global change that will affect us all?

 

Marilyn.

Thankyou for this post .I am not too interested in finance on a daily basis ,but would appreciate a word on how this would affect the euro if it happens .

[toknowthetruth]

Can't really disagree with the be ready, but when you are 19 trillion dollars in debt there isn't an easy out for us....  global currency or not.  But, the people controlling our money is doing what is best for the globe and not for we the people and it's the global currency that they do the things they do.

Yes, you hit the nail on the head there.

[toknowthetruth]

After the financial crisis of 2008 we saw the Group of 20 formed. This group was set up to help solve the financial difficulties of the world system. At that time they decided to up grade the FSF (Financial Stability Forum) to a legal board – FSB, the Financial Stability Board. This enabled this institution to make great changes across the system by introducing certain rules & regulations that financial institutions would have to follow.

 

Also at that time the G 20 wanted to upgrade the IMF (International Monetary Fund), but it wasn`t the right time. Certain other factors needed to come into play – the US`s dollar needed to lose its strong hold on the global system & China needed to be more locked into the system.   

 

Over the past few years we have seen the US`s debt rise to $18 trillion, with $10 million every minute. Obviously this is not repayable. The US`s dollar is becoming increasingly a `hot potato,` & everyone wants to get rid of them. The BRIC`s (Brazil, Russia, India & China) has formed their own financial group, & Russia is even passing a law formally dumping the US dollar. Then we read of China`s recent financial fall, its economic downturn.

 

Thus I believe the time is ripe for the IMF to be upgraded & take over the responsibility of being the Global System`s reserve currency. Now how will they be empowered to do this.

Well, at the moment they have a basket of currencies – UK, USA, Europe & Japan, (pound, dollar, euro, yen) but soon I believe China will also be involved with its Yuan, & then we`ll see the major economies of the world come together.

 

Apparently this will be announced on October 20^th this year by the IMF, as a reserve currency alternative to the US dollar. Experts say that this will send hundreds of billions of dollars moving around the world, literally overnight. This announcement is expected to trigger one of the most profound transfers of wealth in our lifetime.

 

This decision comes on the heels of China pushing for their own currency to be elevated to reserve currency status. So this, I believe will transform the financial landscape dramatically. Once the IMF currency becomes alternative to the dollar, rules of the game begin to change. The announcement will start a domino effect that brings down the US dollar`s dominance & will devalue the dollar. No one will want US dollars & they will no longer be accepted for trade.

 

If this happens, which I believe it will, then, are we ready for this global change that will affect us all?

 

Marilyn.

Thankyou for this post .I am not too interested in finance on a daily basis ,but would appreciate a word on how this would affect the euro if it happens .

In my opinion it's really hard to know exactly what's going to happen. For what it's worth my advice is, if you have savings, to diversify them into different things like some local currency, some gold and/or silver, some other stable currencies like SF, etc. You might lose a little in the deal but in my opinion it's worth it to have a bit of a safety net even if you never need it. And try to have at least a few weeks or a month's stock of food and supplies. And most of all trust the Lord and His promises to keep us through any trial. 1Peter 4:12-13